Charter Deal With TWC More Likely to Get Approval Than Comcast

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Gautham Nagesh And Joe Flint A Charter Communications Inc. merger with Time Warner Cable Inc. stands a better shot at regulatory approval than Comcast's ill-fated attempt to purchase the cable giant last year, according to cable-industry analysts and executives. ...

Amazon Changes Tax Practices in Europe

TODAY: May 26, 2015 PUB DATE: May 26, 2015

Amazon.com Inc. has started booking revenue from retail sales in individual European countries, instead of funneling all sales through low-tax Luxembourg, amid intense scrutiny of corporate tax practices in Europe. The change was made effective May 1, a company spokesman ...

European Stocks Down on Greek Debt Fears

TODAY: May 26, 2015 PUB DATE: May 26, 2015

European stocks ended lower Monday, weighed down by concerns about the state of Greece's finances and political instability in Spain. Over the weekend Greece raised doubts that it would have the money it is due to repay to the International ...

Hong Kong Shares Jump on Hopes for China Link

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Chao Deng Shares in Hong Kong played catch-up with the rally in mainland stocks after news that China will soon launch a link allowing Hong Kong and mainland asset managers to sell funds to retail investors on either side. ...

Euro Tumbles to One-Month Low

TODAY: May 26, 2015 PUB DATE: May 26, 2015

The euro tumbled to a one-month low against the dollar as doubts over Greece's ability to repay its debts intensified, while Greek bonds came under renewed pressure. The common currency fell 0.8% to $1.0885, extending the previous day's declines as ...

Priceline Boosts Stake in Ctrip.com

TODAY: May 26, 2015 PUB DATE: May 26, 2015

Priceline Group Inc. on Tuesday said it would increase its investment in Ctrip.com International Ltd., as the online travel company seeks a larger footprint in the world's largest outbound-travel market. Priceline said it would invest $250 million in Ctrip through ...

IMF Says Yuan No Longer Undervalued

TODAY: May 26, 2015 PUB DATE: May 26, 2015

BEIJING— China's currency is no longer undervalued, a senior official of the International Monetary Fund said Tuesday. "While undervaluation of the renminbi (yuan) was a major factor causing the large imbalances in the past, our assessment now is that the ...

South Africa's Economy Slowed More Than Expected in First Quarter

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Patrick McGroarty PRETORIA, South Africa--South Africa's economy expanded less than expected in the first quarter of 2015, confirmation that electrical blackouts are weighing heavily on beleaguered factories and mines. Annualized growth in the first three months of this year ...

U.S. Stock Futures Edge Lower as Data Looms

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Dan Strumpf U.S. stock futures edged lower Tuesday after a disappointing report on demand for durable goods in April. Futures on the S&P; 500 index lost four points, or 0.2%, to 2121 about 60 minutes before the opening bell, ...

Hot Topic to Buy Retailer Geeknet Inc.

TODAY: May 26, 2015 PUB DATE: May 26, 2015

Hot Topic Inc. has agreed to buy Geeknet Inc. for about $122 million, paying more than double the market value for the "geek"-focused retailer. The offer of $17.50 a share is a significant premium to Geeknet's last closing price of ...

Brazil Posts April Current Account Deficit of $6.9 Billion

TODAY: May 26, 2015 PUB DATE: May 26, 2015

SAO PAULO--Brazil's current-account deficit widened to $6.9 billion in April, the country's central bank said Tuesday. In March, the bank reported a deficit of $5.7 billion. In the 12 months through April, Brazil had a current-account deficit of $100.2 billion, ...

Fed's Fischer Sees Short-Term Rate at 3.25%-4% in Three to Four Years

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Joshua Mitnick HERZLIYA, Israel---Federal Reserve Vice Chairman Stanley Fischer said Monday the central bank expects to follow a "gradual and relatively slow" trajectory of short-term interest-rate increases over the next three to four years to bring borrowing costs back ...

Singapore Economy Grew Faster Than Previously Estimated in First Quarter

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore's economy expanded faster than previously estimated in the first quarter as growth in construction and retail trade outweighed a contraction in manufacturing. Gross domestic product for the three months to March 31 grew 3.2% on a ...

Oil Prices Rangebound as Investors Await OPEC Meeting

TODAY: May 26, 2015 PUB DATE: May 26, 2015

By Eric Yep Crude-oil futures continued to trade sideways in Asian hours Tuesday as the stand-off between oil market bulls and bears kept prices in limbo. On the New York Mercantile Exchange, light, sweet crude futures for delivery in July ...